Home Owners In Arizona Offered Solar Power with NO Upfront Costs

Solar Power with NO Upfront Costs ( Solar Termal Magazine )Peoria, Arizona., July, 2014 — K. Hovnanian® Homes® a leading national homebuilder, is  offering  solar power options for two new communities in Peoria, Ariz. through a partnership with SolarCity. SolarCity, the nation’s largest solar power provider, will make it possible for many home buyers at Fusion at The Meadows and Traditions at The Meadows to save thousands off their utility bills and lock in solar electricity costs for the next 20 years. The partnership allows homeowners to install solar for free, without adding to the purchase price of the home, and pay less for solar electricity than they pay for utility power.

SolarCity also provides insurance, monitoring service and repairs on the solar system for the duration of the 20 year contract.

Beyond the new solar power offering, K. Hovnanian’s® homes at The Meadows also feature multiple energy efficient features—including dual panel low-e windows, radiant barrier roof sheathing, and programmable digital thermostats— to save homeowners even more on energy costs compared to standard homes in the area.

The Traditions at The Meadows homes will be 1,678 to 2,983 square feet while Fusion at The Meadows homes will be larger at 2,077 to 3,548 square feet. Both communities are in close proximity to community parks, playgrounds and trails as well as the nearby Lake Pleasant Regional Park, and children with families living at the Meadows will attend school in the Peoria Unified School District.

K. Hovnanian® is celebrating the grand opening of the two communities on Saturday, July 19 at 11:00 a.m. Potential homebuyers can attend the opening event and visit model homes showcasing energy efficient features and SolarCity’s solar systems at:

  • Fusion at The Meadows Community at 21965 N. 97th Ln in Peoria, or
  • Trilogy at The Meadows Community at 21931 N. 97th Glen in Peoria

For additional details about the grand opening or the Meadows communities, please contact K. Hovnanian by calling (877) 546-8669.

About Hovnanian Enterprises®

Hovnanian Enterprises, Inc., founded in 1959 by Kevork S. Hovnanian, is headquartered in Red Bank, New Jersey. The Company is one of the nation’s largest homebuilders with operations in Arizona, California, Delaware, Florida, Georgia, Illinois, Maryland, Minnesota, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Texas, Virginia, Washington, D.C. and West Virginia. The Company’s homes are marketed and sold under the trade names K. Hovnanian® Homes®, Brighton Homes®, Parkwood Builders, Town & Country Homes and Oster Homes. As the developer of K. Hovnanian’s® Four Seasons communities, the Company is also one of the nation’s largest builders of active adult homes.

Additional information on Hovnanian Enterprises, Inc., including a summary investment profile and the Company’s 2013 annual report, can be accessed through the “Investor Relations” section of the Hovnanian Enterprises’ website at http://www.khov.com. To be added to Hovnanian’s investor e-mail or fax lists, please send an e-mail to [email protected] or sign up at http://www.khov.com.

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